Is Pierce City, MO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Pierce City is a neutral's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Pierce City was a Seller's Market.

Key Takeaway

Pierce City is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Pierce City, MO

How much do homes in Pierce City, MO cost?

Median Sold Price

$227,000

$118/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$38,000(-14.3%)

Key Takeaway

Homes in Pierce City have sold for 14.3% less than they did a year ago.

Summary: The median home sold price in Pierce City was $227,000 in May 2024, down 14.3% from last year, and the median price per square foot was $118.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $157K$139K
-11.5%
3 $249.8K$230K
-7.9%
4 $359.9K$348K
-3.3%
5+ $467.5K$547.5K
+17.1%

Summary: Pierce City housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 11.5%, 3 bedroom homes decreased by 7.9%, 4 bedroom homes decreased by 3.3%, and 5+ bedroom homes increased by 17.1%.

Median Sold Price Compared To Nearby Cities

Pierce Township
+5.4%
Pierce City
-14.3%

Housing Supply in Pierce City, MO

How many homes are available in Pierce City, MO?

Number of Homes For Sale

Apr 2024May 2024CHANGE
3937-5.1%

Summary: The Pierce City real estate market had 37 homes for sale in May 2024, a 5.1% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 43
-25.0%
3 2220
-9.1%
4 810
+25.0%
5+ 54
-20.0%

Summary: The Pierce City housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes increased by 25%, and 5+ bedroom homes decreased by 20%.

Number of Homes Sold

Apr 2024May 2024CHANGE
76-14.3%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Pierce City, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Pierce City in May 2024, down by 14.3% month-over-month. Of the 6 sold homes, 83% were sold under asking, 17% were sold at asking, and 0% were sold over asking.

Days on Market for Pierce City, MO

How long does it take to sell a home in Pierce City, MO?

Average Sale Time

May 2023May 2024CHANGE
54 Days52 Days-3.7%

Summary: Homes in Pierce City had an average of 52 days on market in May 2024, down by 3.7% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Pierce City are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 6 homes were sold in Pierce City; 50% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

Newest Listings in Pierce City, MO

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